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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FMY
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First Trust stock price ended at $11.90 on Friday, after losing 0.0655%.
(Updated on May 03, 2024)

Buy candidate since May 02, 2024 Loss -0.07% PDF

The First Trust stock price fell by -0.0655% on the last day (Friday, 3rd May 2024) from $11.91 to $11.90. During the last trading day the stock fluctuated 0.379% from a day low at $11.86 to a day high of $11.91. The price has risen in 7 of the last 10 days and is up by 2.19% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately $27.12 thousand.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Trust stock with a 90% probability to be traded between $11.53 and $12.13 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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FMY Signals & Forecast

The First Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.83 and $11.88. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -0.0655%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, March 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 01, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Thursday, March 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 01, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, March 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, May 01, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Friday, March 01, 2024 with a target of $11.86. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for First Trust stock

First Trust finds support from accumulated volume at $11.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0450 between high and low, or 0.379%. For the last week the stock has had daily average volatility of 1.16%

Our recommended stop-loss: $11.47 (-3.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (FMY) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect First Trust to open at $11.89, and during the day (based on 14 day Average True Range), to move between $11.76 and $12.04, which gives a possible trading interval of +/-$0.137 (+/-1.15%) up or down from last closing price. If First Trust takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.92 (0.17%) than the support at $11.82 (0.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is First Trust stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for First Trust stock to perform well in the short-term period.

Current score: 1.281 Buy Candidate Unchanged

Predicted Opening Price for First Trust of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$11.89 ( 0.0980%) $11.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FMY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.93 0.280 %
R2 11.92 0.136 %
R1 11.91 0.0464 %
Current price: 11.90
Support S1 11.87 -0.242 %
S2 11.86 -0.332 %
S3 11.84 -0.476 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.01 0.93 %
R2 12.00 0.84 %
R1 11.92 0.168 %
Current price 11.90
Support S1 11.82 -0.710%
S2 11.60 -2.52%
S3 11.59 -2.61%

FMY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 01, 2024 May 01, 2024 May 15, 2024 $0.0825 0.693%
2 Apr 01, 2024 Apr 01, 2024 Apr 15, 2024 $0.0825 0.710%
3 Feb 20, 2024 Mar 01, 2024 Mar 15, 2024 $0.0825 0.689%
4 Jan 22, 2024 Feb 01, 2024 Feb 15, 2024 $0.0825 0.699%
5 Dec 18, 2023 Dec 28, 2023 Jan 16, 2024 $0.0825 0.693%

FAQ

What is the symbol for First Trust Stock and on which exchange is it traded?
The symbol for First Trust is FMY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell First Trust Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for First Trust stock to perform well in the short-term period.

How to buy First Trust Stock?
First Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Trust Stock.

What's the current price of First Trust Stock?
As of the end of day on the May 03, 2024, the price of an First Trust (FMY) share was $11.90.

What is the 52-week high and low for First Trust Stock?
The 52-week high for First Trust Stock is $12.18 and the 52-week low is $10.76.

What is the market capitalization of First Trust Stock?
As of the May 03, 2024, the market capitalization of First Trust is 50.136M.
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About First Trust

First Trust Mortgage Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Brookfield Investment Management Inc. The fund invests in fixed income markets. It seeks to invest in fixed income securities including mortgage-backed securities, consisting of pass-through certificates, collateralized mortgage obligations, residential mortgage-backed securities, and commercial mortgag... FMY Profile

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